Deutsche Bank AG Raises Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Deutsche Bank AG raised its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 64.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,713 shares of the company's stock after buying an additional 24,133 shares during the quarter. Deutsche Bank AG owned about 0.06% of Atlas Energy Solutions worth $1,369,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Atlas Energy Solutions during the fourth quarter valued at $27,000. CBIZ Investment Advisory Services LLC grew its position in Atlas Energy Solutions by 62.9% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after purchasing an additional 523 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Atlas Energy Solutions by 307.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock valued at $31,000 after purchasing an additional 1,047 shares in the last quarter. Global Retirement Partners LLC increased its stake in Atlas Energy Solutions by 191.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock valued at $43,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Promus Capital LLC purchased a new position in Atlas Energy Solutions in the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 34.59% of the company's stock.

Insiders Place Their Bets

In other Atlas Energy Solutions news, Chairman Ben M. Brigham purchased 9,635 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average cost of $13.38 per share, with a total value of $128,916.30. Following the acquisition, the chairman now owns 572,397 shares in the company, valued at approximately $7,658,671.86. This trade represents a 1.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas G. Rogers acquired 7,000 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were bought at an average cost of $13.27 per share, with a total value of $92,890.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $132,700. This represents a 233.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 15.98% of the company's stock.

Atlas Energy Solutions Stock Performance

Shares of Atlas Energy Solutions stock traded up $0.02 on Thursday, hitting $12.47. 1,490,821 shares of the company's stock were exchanged, compared to its average volume of 1,367,146. Atlas Energy Solutions Inc. has a 1 year low of $11.76 and a 1 year high of $26.86. The company has a 50-day simple moving average of $14.11 and a 200-day simple moving average of $19.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The stock has a market capitalization of $1.54 billion, a PE ratio of 15.78 and a beta of 1.34.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company had revenue of $297.59 million during the quarter, compared to the consensus estimate of $291.13 million. During the same period in the prior year, the business posted $0.26 earnings per share. Atlas Energy Solutions's revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, equities analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.02%. The ex-dividend date of this dividend was Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio is currently 322.58%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AESI shares. Citigroup decreased their price objective on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Benchmark dropped their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group decreased their price objective on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Piper Sandler lowered their price objective on shares of Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, Royal Bank of Canada dropped their target price on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.28.

About Atlas Energy Solutions

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.